Smythson loss narrows as sales recover
High-end leather goods specialist Smythson has filed its results for FY23 (the year to April 2023) and said that most retail stores were back to pre-Covid numbers. Smythson But its…
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Shein profits surge as it builds up to expected IPO
Fast fashion group Shein’s profits will become public knowledge in future, whether it lists in London or New York, but for now, we have to rely on secondhand information. Shein…
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WBA makes loss but Boots unit’s sales continue to rise
Walgreens Boots Alliance Q2 results were “in line with expectations”, the company said late last week. And while it was loss-making in the three months to February, there were positives…
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How an earnest hobby became a seven-figure business
When Jennifer Nisan launched her Instagram account, Front Row Live, it was primarily a passionate escape into her interests. The young mom was carving out much-needed ‘me-time’ when the pastime…
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PVH revenues, income gain in 2023 despite plunging Calvin Klein North America wholesale
PVH Corp. announced on Monday a 2% uptick in revenues to $9.218 billion for the year 2023, held back by a sluggish North America wholesale segment at its Calvin Klein brand. Calvin…
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British luxury streetwear Represent lands in Los Angeles
Founded in 2014 by brothers George and Michael Eaton, British men’s streetwear brand Represent is enjoying astonishing international success these days. Present in the U.S., the Middle East and across…
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PLBY Group sales hit by D2C, licensing declines; narrows losses for 2023
PLBY Group reported total revenue from continuing operations for 2023 fell 23% to $143 million, hit by a decline in the company’s direct-to-consumer sales and licensing revenues. Honey Birdette The owner…
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Swatch buyers in China hesitate over higher prices, CEO says
By Reuters Published Apr 1, 2024 The Chinese market is likely to be difficult until the end of the year with consumers hesitating over higher prices, the chief executive of…
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Thai investor plans to buy Signa Brands including Selfridges
By Bloomberg Published Apr 1, 2024 Thailand’s Central Group plans to buy upscale brands from Signa Retail Luxury Holding, including Selfridges in London, Germany’s KaDeWe Group and Switzerland’s Globus, according…
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Esprit, weighed down by a dismal performance in 2023, acknowledges uncertainty about its future
Translated by Roberta HERRERA Published Mar 30, 2024 Despite its efforts at revival, Esprit continues to struggle. Operating between Hong Kong—where it is listed—Germany, and the United States, the fashion…
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